|
Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BUXTON INTERNATIONAL (PVT) LTD |
|
|
|
|
Registered Office : |
# 48/E-7, 3rd Cross Street, Colombo 11 |
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|
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Country : |
Sri Lanka. |
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Date of Incorporation : |
15.12.2011 |
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Com. Reg. No.: |
PV 83152 |
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|
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Legal Form : |
Private Limited Liability Company (In Operation) |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Sri Lanka |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SRI LANKA - ECONOMIC OVERVIEW
Sri Lanka continues to experience strong economic growth, driven
by large-scale reconstruction and development projects following the end of the
26-year conflict with the LTTE. Sri Lanka is pursuing a combination of
government directed policies, private investment, both foreign and domestic, to
spur growth in disadvantaged areas, develop small and medium enterprises, and
increase agricultural productivity. The government struggles with high debt
interest payments, a bloated civil service, and historically high budget
deficits. However recent reforms to the tax code have resulted in higher
revenue and lower budget deficits in recent years. The 2008-09 global financial
crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly
caused a balance of payments crisis. Growth slowed to 3.5% in 2009. Economic
activity rebounded strongly with the end of the war and an IMF agreement,
resulting in two straight years of high growth in 2010 and 2011. Per capita
income of $5,600 on a purchasing power parity basis is among the highest in the
region
Source
: CIA
|
a. |
Name of Subject of Inquiry |
: |
BUXTON
INTERNATIONAL (PVT) LTD |
|
b. |
Legal Form & Status |
: |
Private Limited Liability Company (In Operation) |
|
c. |
Managing
Director |
: |
Abdul Sattar Mohamed Yoonus |
|
d. |
Primary Line of Business |
: |
Not Disclosed |
|
e. |
Place of Business & |
: |
#
48/E-7, 3rd Cross Street, Colombo
11, Sri
Lanka. Tel.
No: (00 94 11) Not
Disclosed/Available Fax
No: (00 94 11) Not
Disclosed/Available |
|
g. |
No. of
Employees |
: |
Not
Disclosed |
|
a. |
Registration No |
: |
PV 83152 |
|||
|
Date of Registration |
: |
15th December 2011 |
||||
|
b. |
Registered Office |
: |
#
48/E-7, 3rd Cross Street, Colombo 11, Sri Lanka. |
|||
|
d. |
Board of Directors As at 15th December 2011 |
: |
Abdul
Sattar Mohamed Yoonus |
Managing Director |
||
|
Issued Share Capital |
: |
LKR. 1,000.00 |
||||
|
g. |
Nominal Value of Share |
: |
LKR. 10.00 |
|||
|
h. |
Share Holders As at 15th December 2011 |
: |
Share Holders |
No. of Shares |
||
|
Abdul Sattar
Mohamed Yoonus |
100 |
|||||
|
i. |
Auditors |
: |
Not Disclosed |
|||
|
j. |
Company Secretaries |
: |
Raja Kadiravel |
|||
|
k. |
Bankers |
: |
Not Disclosed |
|||
FINANCIAL
INFORMATION NOT AVAILABLE
THE COMPANY HAS
DECLINED TO PROVIDE INFORMATION ON ITS FINANCES
·
History.
The Subject Company BUXTON INTERNATIONAL (PVT) LTD is a Private Limited
Liability Company incorporated on 15th
December 2011 under registration number PV 83152.
The client given (00 94
77) 771 7655 Tel. No is working, but answering person said he any thing didn’t
know this company and company person.
·
Location.
The Subject Company is
located at client # 48/E-7, 3rd
Cross Street,
Colombo 11. Address we cannot trace and cannot find it.
The subject company is not
been listed in any of the telephone directories and as such
No contact number available
·
Operations
Details.
General
The subject company primary
line of business is the details of the primary line of business of the subject
company is not disclosed as yet
Products
Details not available
Country
Not Disclosed
No of Employees
Not Disclosed
·
Directors Details
01)
|
Name |
Abdul
Sattar Mohamed Yoonus |
|
ID Number |
530665984 V |
|
Nationality |
Sri Lankan |
|
Gender |
Male |
|
Date of Birth |
06th March 1953 |
|
Age |
59 Years |
·
Financial Data
Details not available
Based on the corporate laws
of Sri Lanka, legal entities which are Private Company with
Limited Liability is not
required to make public disclosure of their annual financials.
Therefore no financials are available for
this entity
·
Credit
Recommendations
Since no financial
information has been forthcoming from the company, it is not possible to
comment on the merits or otherwise of the company.
No computerised data bases exist to make checks whether the partners or
the company has any legal action or lawsuit initiated against any of them but informal
(but not in-depth) checks do not indicate any such cases in the public
knowledge.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.